Bit428
06/14 18:45
Bonk Coin [BONK], the Solana [SOL]-based memecoin, is back in the spotlight after surging over 7% in the last 24 hours.
While the price bounced, on-chain data revealed that whales and spot traders might be fueling a broader shift.
Over the past few days, large wallets have quietly accumulated BONK as prices dipped
According to CryptoQuant, whale-sized Futures Average Order Sizes have appeared on-chain since the 7th of June, signaling renewed interest from bigger players.
Naturally, such accumulation during drawdowns is often considered a high-conviction move. Historically, these phases have preceded major BONK rallies, especially when followed by rising retail participation.

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